Western Digital 2010 Annual Report Download - page 58

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WESTERN DIGITAL CORPORATION
CONSOLIDATED BALANCE SHEETS
(in millions, except par value)
July 2,
2010
July 3,
2009
ASSETS
Current assets:
Cash and cash equivalents . . . ............................................. $2,734 $1,794
Accounts receivable, net ................................................. 1,256 926
Inventories ........................................................... 560 376
Other current assets .................................................... 170 134
Total current assets ................................................... 4,720 3,230
Property and equipment, net . . . ............................................. 2,159 1,584
Goodwill .............................................................. 146 139
Other intangible assets, net ................................................. 88 89
Other non-current assets ................................................... 215 249
Total assets ......................................................... $7,328 $5,291
LIABILITIES AND SHAREHOLDERS’ EQUITY
Current liabilities:
Accounts payable ...................................................... $1,507 $1,101
Accrued expenses ...................................................... 281 247
Accrued warranty ...................................................... 129 95
Current portion of long-term debt .......................................... 106 82
Total current liabilities . . . ............................................. 2,023 1,525
Long-term debt ......................................................... 294 400
Other liabilities ......................................................... 302 174
Total liabilities ...................................................... 2,619 2,099
Commitments and contingencies (Notes 4 and 5)
Shareholders’ equity:
Preferred stock, $.01 par value; authorized — 5 shares; issued and outstanding — None .... — —
Common stock, $.01 par value; authorized — 450 shares; issued and outstanding — 231 and
225 shares, respectively . . . ............................................. 2 2
Additional paid-in capital . . . ............................................. 1,022 896
Accumulated other comprehensive income .................................... 11 2
Retained earnings ...................................................... 3,674 2,292
Total shareholders’ equity . ............................................. 4,709 3,192
Total liabilities and shareholders’ equity .................................... $7,328 $5,291
The accompanying notes are an integral part of these consolidated financial statements.
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